Money

By Samantha Delouya, CNN (CNN) — Most first-time homebuyers in the United States take out 30-year mortgages. Under a new proposal from the Trump administration, they may soon have an even longer loan option. This week, President Donald Trump introduced a new idea to tackle home affordability: a 50-year mortgage loan. Federal Housing Finance Agency

By Gordon Ebanks, CNN (CNN) — Veterans Day, which commemorates all those who serve in the US military, has been a federal holiday since 1954 and has been observed in some form for over a century — it originally commemorated the end of World War I. Because the day is a federal holiday, many government

By Tim Lister, Mohammed Tawfeeq, CNN (CNN) — The Iraqi government says it can no longer work with Russian oil company Lukoil – which has a huge stake in the country’s oil fields – because of recently imposed US sanctions against the company. Lukoil has told Iraq’s state oil company SOMO that it is declaring

By Jordan Valinsky, CNN New York (CNN) — Warren Buffett, in his annual message as CEO of Berkshire Hathaway to shareholders – a tradition dating back to 1965 – said that he will be “going quiet” after he steps down at the end of this year. But the 95-year-old is not going away just yet.

By David Goldman, Elisabeth Buchwald, CNN (CNN) — President Donald Trump, embattled by America’s growing affordability problems, has once again floated a unique solution: Sending Americans rebate checks for the tariffs that his administration has collected. “People that are against Tariffs are FOOLS!” Trump posted on Truth Social Sunday. “A dividend of at least $2000

By Brian Stelter, CNN (CNN) — The BBC is embroiled in a massive political fight over its future, with conservatives capitalizing on an editing screw-up and denouncing the British broadcaster while liberals argue that the institution is flawed but worth defending. On Monday, Trump intensified the pressure by sending a threatening legal letter to the

By Gordon Ebanks, CNN (CNN) — Visa and Mastercard have a potential deal with retailers that would lower fees for merchants, potentially lowering prices but threatening prized consumer rewards. The deal, which is still subject to court approval, could mean big changes for businesses and consumers. In 2024, over a third of all purchases were

By Jeanne Sahadi, CNN (CNN) — Americans have strong views on paying extra fees and tipping for services, especially at the holidays. But what about when making online donations? The holiday season is usually a big one for charitable contributions. Take Giving Tuesday – which falls on the first Tuesday after Thanksgiving in the United

By Chris Isidore, CNN (CNN) — The federal government is ordering flight cuts at 40 major airports because of the shutdown – but it’s flyers in places like Pensacola, Florida; Moline, Illinois; Waco, Texas; and Shreveport, Louisiana who will have it the hardest. That’s because small feeder flights are largely the ones getting canceled, not

By John Towfighi, CNN New York (CNN) — Tech stocks took a bruising this week as nerves persist about expensive valuations and a potential artificial intelligence bubble. The Nasdaq Composite closed lower by 0.21% on Friday. The tech-heavy index fell 3.04% across the week and suffered its worst week since early April, when President Donald

By Jordan Valinsky, CNN New York (CNN) — Wendy’s is set to close hundreds of locations across the United States as part of its turnaround plan. Interim CEO Ken Cook announced Friday that a “mid single-digit percentage” of Wendy’s approximately 6,000 US locations could close, which would amount to around 200 to 350 restaurants. Affected

By Elisabeth Buchwald, CNN (CNN) — The record-breaking government shutdown has left Americans feeling worse about the economic outlook. That’s according to the latest University of Michigan consumer sentiment survey, which showed the index falling to 50.3 this month from 53.6 in October. It’s the lowest level since June 2022, which marked the lowest reading

By Samantha Delouya, CNN (CNN) — When Stacy Morgan and her husband, Brandon Dodick, bought their beach house in Buxton, North Carolina, in May, they imagined one day spending their retirement there. Five months later, the house was gone. Theirs was one of 27 beachfront homes in Buxton and Rodanthe, two villages on Hatteras Island,

By Clare Duffy, CNN New York (CNN) — OpenAI, the world’s leader in AI and ChatGPT parent company, went into panic mode on Thursday over what it said was a very public misstatement. Two top executives furiously backtracked from an earlier comment that suggested OpenAI might need government support to cover the $1.4 trillion in

By Allison Morrow, CNN (CNN) — As expected, Tesla shareholders did a truly unprecedented thing, approving a pay package for Elon Musk that could, over the next decade, turn the CEO into the world’s first trillionaire. First, some important caveats: Tesla and Musk need to hit certain milestones, including raising its already lofty market capitalization

CNN By Chris Isidore, CNN (CNN) — Tesla shareholders approved a pay package on Thursday that could make CEO Elon Musk, already the world’s richest person, the world’s first trillionaire. Tesla announced that more than 75% of shares voted in favor of the pay package during the company’s annual shareholder meeting. The vote didn’t include

By Chris Isidore, CNN (CNN) — Tesla shareholders approved a pay package on Thursday that could make CEO Elon Musk, already the world’s richest person, the world’s first trillionaire. Tesla announced that more than 75% of shares voted in favor of the pay package during the company’s annual shareholder meeting. The vote didn’t include the

By Chris Isidore, CNN (CNN) — Airline passengers were already looking at higher fares and packed planes this holiday season. But the holiday headaches might get much worse as the government shutdown causes flight reductions at major airports. The Trump administration is reducing traffic at 40 airports across the United States starting Friday as long

By John Towfighi, CNN New York (CNN) — US stocks closed lower Thursday as concerns mounted about expensive tech stocks, and a risk-off sentiment spread through markets after new data showed a bleak outlook for the job market. The Dow closed lower by 399 points, or 0.84%, after briefly falling as much 524 points earlier.

By Lianne Kolirin, CNN (CNN) — “Vibe coding,” a form of software development that involves turning natural language into computer code by using artificial intelligence (AI), has been named Collins Dictionary’s Word of the Year for 2025. Overall, terms that describe humans’ relationship with technology feature prominently on this year’s list. Although obviously two words,